Windows 7 64bit
3dsMax7 service pack 1 in the aforementioned compatibility mode, run as administrator and grant full admin. access.
I had some issues when I updated my display driver (ATI Radeon HD 5700) as max would hang on start-up, even if booting it with command line driver selection, all extensions failed.
I had to roll back the driver and then there were no issues.
The 'crash-on-exit' problem became a normal routine for me, re-booting the program between loading max scenes. I have to thank you for bringing this topic up, otherwise I may have just continued the same routine.
I'd be happy to help in any way I can. PM me if you wish